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Launch an AI Venture in Invoice Data Extraction
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Working with Mayfly Ventures
We believe the future of workplaces will consist of human and AI workforces, and there is immense opportunity in every industry vertical to build the AI platforms that will help us work more efficiently and effectively.
We have the experience in launching AI ventures and we are looking for experts who understand the pain points and process in industries in which AI can unlock tomorrow's growth.
How we launch AI ventures with you
Our team of engineers and designers build scalable and performant AI agent technology. Our Venture Building engagement delivers a bespoke product and GTM Strategy designed to step by step guide you from idea to launch and beyond.
Understanding GTM Strategy
Your Go-To-Market (GTM) Strategy lays out how to validate your assumptions, turn research subjects into early adopters, find reliable awareness channels to scale, until you hit product-market fit.
The process includes:
- Defining your customer segments, demographic and psychographic
- Crafting messaging that directly addresses core pain points
- Designing a pricing model that balances adoption and margin
- Selecting awareness and acquisition channels
- Building funnel stages to convert awareness into paying user
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Understanding Product Strategy
Your Product Strategy defines a product hypothesis that captures your unique value proposition. Then, we translate that into a living roadmap that:
- Delivers tangible value early
- Unlocks key stages of your GTM strategy
- Prioritises development based on commercial priorities and risk management
The process includes:
- Defining key feature sets that unlock user value
- Creating customer journey maps designed to reduce time to value
- Creating a proposal to estimate the time and costs of a stage development
The Venture Building Engagement:
$15,000
You’ll walk away with:
A clear articulation of your commercial opportunity
Estimated build and operational costs
A strategic roadmap for execution
Multi-chain reasoning: the big threat to consulting
Multi-chain reasoning is AI's ability to think through complex problems and tackle it by systematically working through multiple steps of thought.
Systematically working through each step, AI can go back to cross-reference previous insights, go down different logic paths based on the outcomes of previous steps and derive deep insights.
In June 2024, Open AI released GPT-4o which saw a significant increase in AI's multi-chain reasoning ability. As AI is increasingly used by consultants to save time, this presents an inevitable race to the bottom for a time and materials based industry.
Some consultancies will complain about AI, some will set up custom GPTs to help produce insights and install an AI receptionist and do AI invoice management. This will help improve margins short term but this just means you're in a better position to win the race to the bottom.
But it's not all doom and gloom, in fact the AI evolution will be used to create incredible growth for some forward-thinking consultancies.
How do I use AI to unlock growth?
Imagine an AI platform that thinks like your best consultant, but runs 24/7, never forgets, and never burns out. Building a bespoke multi-reasoning platform designed to think through a niche set of problems based on your unique frameworks and trained on all your past engagements can produce results magnitudes better than the latest Open AI models.
This is not procedural automation for your firm. By packaging your experitse into an AI platform instead of a slide deck this is creating an entirely new business pillar with a fundamentally new offering, Software as a Service (SaaS).
Most consultancies find that embedding their expertise into an AI platform, can effectively replace a typical client engagement. From Data ingestion and cleaning, to anlaysis and delivery.
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Not only know do you have a business pillar that does no longer tethered to consultant hours to scale, designed effectively, the right platform effectively cuts through many of the major pain points which face the consulting industry
Problem
Takes a long time to deliver insights.
Solution
AI can deliver insights instantly.
Problem
Clients find it hard to interpret data and insights and are reliant on consultants who can’t always be available.
Solution
AI can provide 24/7 support to interpret data and insights.
Problem
Findings become out of date and therefore less useful over time.
Solution
Platform can integrate with key softwares to always create models and insights based on live data.
Problem
Consultants retrieve an ocean of data which takes many hours of data cleaning before any modelling can be done.
Solution
AI can be trained on business rules which automate data cleaning and reach out to humans to resolve edge cases.
While off the shelf LLM tools such as ChatGPT and Gemini can provide some efficiency gains, building a bespoke platform custom built for your bespoke niche has outsized advantages.
Building an ecosystem, not just a service
Expanding beyond consulting into complementary pillars, such as technology and data services allows you to build lasting brand equity and commercial mass. This allows you to own an ecosystem and not just a service.
Funding
While our aim is to get you to be generating revenue within 6 months there is a capital investment involved in launching a tech venture. There is a range of funding options available which can reduce your risk and in some cases completely offset the financial costs of launching.
R&D Tax Incentive - Claim 43.5% of eligible expenses
Launching an AI platform can unlock the eligibility to the R&D Tax Incentive, a program allowing you to get back 43.5% of your eligible expenses.
With the right framing, many firms discover that 80–90% of their companies costs are claimable.
Even consulting time can be used to help create the frameworks which train the AI and therefore count as an eligible expense.
Our R+D Partner:
RD Certainty.
R&D Upfront Loan - Gain 80% of your claim in an upfront loan
Our financing partner could lend you 80% of your estimated R+D return which you pay after tax time (this is when you receive your R+D rebate) So you can start building and innovating without waiting for tax time or outside capital.
The process is fast with loan application approvals within 48 hours and funds received within 24 hours of document signings.
Our R+D Partner: Advanced R+D
Our R+D Partner:
Advanced R+D
Mayfly Investment - Remove 30% of development costs
As a venture studio, we back what we build, literally. We’ll reduce your upfront development costs by up to 30% in return for equity in the venture we co-create with you.
With real skin in the game, our support goes far beyond deliverables, we’re an invested partner in your success.
Outside Investment - Access
Through our network of VCs, syndicates, and angel investors, we connect you with capital that fits your vision and stage. We help you get investor-ready and introduce you to investors whose mandates align with your venture.
R&D Tax Incentive - Claim 43.5% of eligible expenses
Launching an AI platform can unlock the eligibility to the R&D Tax Incentive, a program allowing you to get back 43.5% of your eligible expenses.
With the right framing, many firms discover that 80–90% of their companies costs are claimable.
Even consulting time can be used to help create the frameworks which train the AI and therefore count as an eligible expense.
Our R+D Partner:
RD Certainty.
R&D Upfront Loan - Gain 80% of your claim in an upfront loan
Our financing partner could lend you 80% of your estimated R+D return which you pay after tax time (this is when you receive your R+D rebate) So you can start building and innovating without waiting for tax time or outside capital.
The process is fast with loan application approvals within 48 hours and funds received within 24 hours of document signings.
Our R+D Partner:
Advanced R+D
Mayfly Investment - Remove 30% of development costs
As a venture studio, we back what we build, literally. We’ll reduce your upfront development costs by up to 30% in return for equity in the venture we co-create with you.
With real skin in the game, our support goes far beyond deliverables, we’re an invested partner in your success.
Outside Investment - Access
Through our network of VCs, syndicates, and angel investors, we connect you with capital that fits your vision and stage. We help you get investor-ready and introduce you to investors whose mandates align with your venture.
Case Study
Here’s how our team of designers, engineers and venture building disrupted the logistics industry.
The Challenge
Route optimisation is already complex for logistics companies with driver, vehicle and destination variables. Xtreme Freight specialise in transporting dangerous goods which create exponentially more complexity with thousands of goods compatibility requirements.
The Solution
Mayfly learned every step of the value chain and industry landscape to define a strategy around an API first solution which would allow for a GTM strategy with far penetrating reach while limiting development requirements.
Mayfly’s team of designers, developers, and AI engineers works in rapid sprints to bring the vision to life which effectively turned a 16 hour process into a 4 second task.
AI Curious? Let’s talk.
We would love to learn more about your business and explore how we can work together.
Start your AI Journey
Join us at one of our Industry Events
We put on events with industry leaders:
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AI for SMEs:
A collaborative workshop for SME business owners
